US MIDDAY: wheat drops

08 May, 2008

May wheat was down 13-1/4 cents at $7.92-3/4 per bushel, July down 10 at $8.08 on early Wednesday. Setting back from Tuesday's gains on technical selling and prospects for a large US and world wheat crop. Early field reports from annual Kansas wheat tour show good outlook; yield potential seen above tour's year-ago estimates.

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